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 Softrax Releases enhanced software to help identify financing component under new revenue recognition rules - ASC 606 & IFRS 15

SOFTRAX, the world's leading provider of revenue recognition software, today announced significantly enhanced support for managing ASC 606 guidance related to the newly introduced “Significant Financing Component” concept. This enhancement enables clients to manage complex reporting of the Time Value of Money (TVM) pursuant to the guidance.   The functionality will be generally available in May of 2017.


SOFTRAX to Sponsor ASC 606 Seminar in Boston

SOFTRAX is pleased to announce they will be presenting sponsor of an ASC 606 Software and Cloud Industries Seminar, to be held on May 18th-19th, 2017.  The revenue recognition seminar will bring together an intimate group of accounting professionals for a two-day session to discuss the new revenue recognition guidance, best-practices, and strategies for successful adoption.  The discussion led by revenue recognition expert, Tony Sondhi, will answer pressing questions and offer practical solutions for the successful implementation of the new guidance.


Softrax Announced as Sponsor of The Forty-Third Annual Meonske Professional Development Conference

Softrax, the industry leader in revenue recognition software and developer of Revenue Manager, is pleased to announce it will be sponsoring and exhibiting at this years 43rd Annual Meonske Professional Development Conference on April 26th-28th at Kent State University in Ohio.


Softrax Releases Enhanced ASC 606 Significant Financing Component (Time Value of Money) Support

SOFTRAX, the world's leading provider of revenue recognition software, today announced significantly enhanced support for managing ASC 606 guidance related to the newly introduced “Significant Financing Component” concept. This enhancement enables clients to manage complex reporting of the Time Value of Money (TVM) pursuant to the guidance.
Softrax Unveils its Redesigned Website

Softrax has launched a redesign of their website, www.softrax.com.  The  site now features a cleaner and more contemporary design.  The redesign includes aesthetic enhancements to provide a more engaging user experience and enhanced navigation to help our visitors easily find the information they need. 


Softrax Sponsors Tony Sondhi's ASC 606 Cloud and Software Seminar

Softrax will be sponsoring A.C. Sondhi & Associates 2016 ASC 606 seminar.  Spread across two days, the ASC 606 conference will be held at the Hilton Hotel in downtown Boston on August 25th and 26th.   The event includes various sessions on the changes to the new recognition, measurement, presentation and disclosure of revenue from contracts with customers.   


Softrax Attends Panel Discussion at Revenue Recognition Accounting Update 2016

 Softrax is appearing on a panel discussion at the Revenue Recognition Accounting Update 2016 conference.  The ACS Live conference is being held June 20th-21st in San Jose, California. Revenue Recognition conference is designed to address the latest developments in key areas of ASC 606, significant changes, scope, disclosure and impacts.  Attendees include controllers, accounting directors, revenue managers, and more. 


 Softrax Sponsors Revenue Recognition Conference for Private Companies

Softrax, leading revenue recognition automation software is transforming the way revenue is managed, announced it will be sponsoring ACS live conference. The ACS Live Accounting for Private Companies conference will be held at the Hyatt in Santa Clara on May 23-24th.  


Softrax Attends Revenue Recognition Conference in Bay Area

Softrax today announced that its west coast team will be attending ACS Live revenue recognition conference for second time this year.  ACS Live conference will be held on May 18-19 at the Dolce Hayes Mansion in San Jose, CA.   


Softrax Attends Microsoft Envision 2016

Softrax, a worldwide leader in revenue automation software, will attend Microsoft’s flagship event Microsoft Envision on April 4th-5th in New Orleans, LA.


Softrax Hires New Leader on West Coast

Softrax, leading provider of revenue management software, announced it has hired Jeff Halden to lead its Solution Advisory practice for the West Coast. Jeff brings over 25 years of accounting, consulting and business development experience, including many years focused on the design and implementation of financial products.


Vindicia Partnership Makes Revenue Recognition Easier for Businessses with Subscription Products

Vindicia, the leader in enterprise-class subscription billing, today announced a partnership with Softrax, a leading provider of enterprise revenue management and billing software solutions that fundamentally change the way companies manage, analyze, report, and forecast their revenue. The partnership will help organizations reduce operating expenses, comply with revenue recognition regulations, and gain unprecedented visibility into subscription and recurring revenue business performance. 

-2015-


Softrax Announces New Marketing Manager

Softrax a leading provider of revenue automation, recently announced that Julia Cain has joined the companies marketing team as marketing manager. Julia will be responsible for conceiving and executing marketing strategies and tactics that drive growth. In addition, she will help overall brand development and messaging in the marketplace. Softrax is looking to expand its marketing efforts and provide a stronger presence across the United States.


Softrax Strengthens West Coast Commitment

Softrax is pleased to announce expansion to its west coast business via the hire of Jon Burke.  Jon brings nearly 11 years of software sales experience, including sales of financial products to this role. Softrax is rapidly growing its client base in the West and is strengthening its presence in that region to gain broader reach.


Softrax & HAW Present: ASC 606 - Preparing for The New Revenue Standards

Softrax is pleased to announce expansion to its west coast business via the hire of Jon Burke.  Jon brings nearly 11 years of software sales experience, including sales of financial products to this role. Softrax is rapidly growing its client base in the West and is strengthening its presence in that region to gain broader reach.


Softrax Expands Partnership with Accounting Expert Tony Sondhi

Enterprise revenue recognition specialists SOFTRAX announce an expansion of their ongoing partnership with FASB Emerging Issues Task Force (EITF) member Ashwinpaul “Tony” Sondhi, regarded as one of the leading authorities on US and international revenue recognition and financial reporting issues.


Emmi Solutions Chooses Softrax Enterprise to Support its Thriving Business

Revenue recognition specialists SOFTRAX are pleased to announce that Emmi Solutions, the leader in outcomes-driven patient engagement, has selected SOFTRAX Enterprise to manage billing for its rapidly growing subscriber base. Emmi joins hundreds of companies who have used SOFTRAX solutions to improve their order, billing, and revenue management processes.


Softrax Announces Latest Release of its Revenue Management Platform

Revenue specialists SOFTRAX today announced the immediate availability of SOFTRAX Enterprise 2015, the latest version of their flagship revenue management platform.


Softrax & HAW Help Prepare Your Business for ASC 606

Though implementation of FASB’s new revenue recognition standards will be deferred a year, businesses should not underestimate the time or effort required to bring their systems and processes into compliance. On September 17th, join leading accountancy firm Habif Arogeti & Wynne and the revenue recognition experts at SOFTRAX in a free webinar as we discuss how to get your business ready for the new guidance.


SOFTRAX Announces 2015 User Forum

SOFTRAX announces a date and venue for its annual user forum, which brings together SOFTRAX users and senior leadership for communication and collaboration around recent product updates, roadmaps, user tips, industry trends, and more.


SOFTRAX Sponsors Monetize 2015

SOFTRAX joins leading players in the recurring revenue space in sponsoring Monetize 2015, Aria Systems' inaugural global conference on recurring revenue. Monetize takes place from March 31st to April 1st, 2015 in San Francisco, California. 


SOFTRAX to Exhibit at Convergence 2015

SOFTRAX will be exhibiting its Microsoft Dynamics-compatible revenue recognition products at the upcoming Convergence 2015 show in Atlanta, Georgia from March 16th to 19th, 2015. Join us at Booth #668 to learn more about how SOFTRAX products can take your Dynamics deployments to the next level. 


Mastering the Opportunities and Challenges of IoT and Other Recurring Revenue Business Models - A Webinar

The rise of recurring revenue business models and the Internet of Things (IoT) is transforming a wide range of industries, creating new opportunities for customer engagement and revenue growth. However, with dramatic regulatory change (ASC 606), and more companies adding software and subscription-based software as service (SaaS) components to their existing product mix, it’s critical for businesses to fully understand both the advantages and back-office impact of these offerings.


SOFTRAX and Aria Systems Present: Monetizing the Internet of Things - Hidden Opportunities and Challenges

More than another buzzword, the growing popularity of IoT offerings threatens to reshape entire industries. Join leading analyst Andrew Dailey of MGI Research and experts from Aria Systems and SOFTRAX to go beyond the hype and hear how finance and business leaders can fully monetize its revenue potential.


-2014-


SOFTRAX Announces Appointment of Mark Shane as Director of Development

Enterprise revenue recognition specialists SOFTRAX today announced the appointment of software development veteran Mark Shane as the company’s new Director of Development. In this role, he will be overseeing ongoing research and development efforts for the company’s portfolio of revenue management products.  


Textura Enhances its ERP Platform with SOFTRAX Revenue Manager 3

Revenue recognition specialists SOFTRAX are pleased to announce that Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, is joining the growing number of businesses using SOFTRAX Revenue Manager to augment existing ERP and other financial platforms.


SOFTRAX Revenue Manager Supports Businesses Preparing for New Revenue Recognition Guidance

Pioneering revenue recognition specialists SOFTRAX today announced that Revenue Manager, their market-leading revenue automation solution, will be prepared to support businesses adopting new guidance finalized by the Financial Accounting Standards Board (FASB) and International Accounting Standard Board (IASB) earlier this year.


SOFTRAX and MetraTech Present: Billing and Revenue Recognition Challenges for Recurring Revenue Businesses - A Webinar

Looking for a better understanding of how a move to subscriptions creates billing and revenue recognition challenges for your business? Join SOFTRAX, MetraTech, and accounting expert Tony Sondhi on 5/13 for a free one-hour webinar looking at the billing and revenue recognition challenges created by recurring revenue. CPE credit will be offered.


SOFTRAX Sponsors Altico Advisors Spring Summit

We're pleased to be joining other leading Microsoft Dynamics and NetSuite solution providers at the Altico Advisors Spring Summit in Framingham, Massachusetts on May 7th. Stop by our booth and learn more about how SOFTRAX can help take your systems' revenue recognition capabilities to the next level!


MetraTech and SOFTRAX Partner to Provide Integrated Billing and Revenue Management Solutions for Today’s Recurring Revenue Challenges

Enterprise revenue recognition specialist SOFTRAX and MetraTech Corp., the leading global provider of Agreements-Based Billing™ (ABB), commerce and settlement solutions, today announced a partnership to collaborate on billing and revenue management solutions for both traditional transactional and recurring revenue models.


Aria Systems and SOFTRAX Partner to Prepare Existing ERP Solutions to Support the Subscription-Based Economy

Aria Systems, expert in cloud-based recurring revenue management, and revenue recognition specialists SOFTRAX today announced that they have formed a partnership to augment and extend the life of existing Enterprise Resource Planning (ERP) systems and prepare them for the emerging subscription-based economy. 


Specialized Revenue Management Leader SOFTRAX Surpasses 500th Customer Deployment 

SOFTRAX, revenue management specialists for the enterprise, announced today they have surpassed 500 successful customer deployments. Since its incorporation in 1999, SOFTRAX has helped hundreds of customers in sectors as diverse as software, healthcare, education, and information services address their most challenging revenue recognition and billing issues.

 

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